TEDMUS TIP:

Here is another great tip from Tedmus Insurance Services.

RENTING AN AUTOMOBILE ABROAD:

Whenever you rent an automobile abroad, the rental agency offers you two optional insurance coverage’s:

1)      Liability coverage, covering your responsibility for injuries and property damage you cause to others

2)      Vehicle damage coverage, covering your responsibility for any damage to the rental car (similar to the CDW)

Virtually all automobile polices sold in the U.S do not provide coverage outside the United States, its possessions, and Canada. Therefore, I’d advise you to buy all the coverage you can from the rental agency in the country you’re visiting, including liability coverage for injuries and property damage. Make sure to get the vehicle damage coverage for damage to the vehicle being rented. 

There is an exception though. If you have a personal umbrella policy, you’re probably protected worldwide for liability. I’ve never seen an umbrella policy that did not provide world wide coverage. To be safe, have your umbrella policy agent confirm this fact before you decline other types of international coverage. Even with this policy covering the liability, you’ll still want to get the vehicle damage coverage from the rental agency.

Visit more great tips at www.tedmusinsurance.com

EARTHQUAKE INSURANCE: Managing the Earth Movement Risk for your home or business.

You have three strategies to choose from for protecting yourself from mother nature's earth movement, a normally uninsured cause-of-loss.

1. Don't mess with Mother Nature, in other words, avoid the risk completely. Don't live near a fault, don't live on or near an active volcano, and don't buy or build a home on a steep hill vulnerable to mud slides. If you do, you have to be willing to live with the consequences.

2. For both new and old homes, spend the extra money to reinforce the foundation. Retrofitting a home is a smart decision and worth the money if you are thinking longterm for the home/building.

3. The third strategy is to buy earthquake insurance. It can be expensive however don't risk more than you can afford to lose! Typically, premiums for earthquake insurance in California range from $300 - $10,000 per year.

Call us to see how much the premium can be for your home/condo/townhouse.

For more information contact us at (800) 903 5752 or email at eric@tedmusinsurance.com or visit us at www.tedmusinsurance.com